Canada Goose Holdings Inc., a Toronto-based outerwear manufacturer, has released its financial results for the first quarter of fiscal 2027, ending June 28, 2026. The company reported revenue of $118.9 million, marking a 10.3% increase compared to the same quarter in the previous year. On a constant currency basis, the revenue growth stood at 8.6%.
The company showed positive developments in its operating performance, with an adjusted EBIT margin increasing to (87.3)% from (98.7)% in the same period of the prior year. This improvement was attributed to gross margin expansion and effective management of selling, general and administrative (SG&A) expenses, which helped reduce the operating loss and adjusted EBIT to $(103.8) million.
Dani Reiss, Chairman and CEO of Canada Goose, expressed optimism regarding the company's strategy, indicating that it is successfully evolving Canada Goose into a luxury brand that customers engage with across various seasons and product categories. Reiss emphasized this momentum as a critical factor in the financial results presented. The company aims to continue building its brand recognition year-round, catering to both winter apparel and other products throughout the year.
Despite the positive revenue growth, analysts noted mixed results overall, with revenue exceeding expectations while earnings per share (EPS) missed predictions. This dichotomy has been viewed in the context of solid wholesale growth in the market. Outlook for the brand remains cautious, with some investment analysts describing Canada Goose stock as a hold, reflecting concerns about market valuations amidst varying performance metrics.
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